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Packaging Adhesives Market Growth Is Accelerated By Rising E-Commerce Sales

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Leena Shedmake
Packaging Adhesives Market Growth Is Accelerated By Rising E-Commerce Sales

Packaging adhesives are used for bonding various packaging materials together to form boxes, cartons, bags, pouches, labels, and other forms of flexible and rigid packaging. Packaging adhesives provide strength, sealability, re-sealability and resistance to shocks and vibration during transportation.

The global Packaging Adhesives Market is estimated to be valued at US$ 8.51 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The growth of the packaging adhesives market is driven by rising e-commerce sales across the globe. According to the United Nations Conference on Trade and Development estimates, global B2C e-commerce sales grew by 24% in 2021 to reach $26.7 trillion. As e-commerce orders increase, there is growing demand for packaging materials for secure delivery of products to customers' doorsteps. This has accelerated the use of packaging adhesives for bonding carton seals, case seals, and other packaging components required in e-commerce fulfillment and logistics operations. Expanding e-retail networks and innovations in polyethylene-based and hot melt adhesive formulations are expected to further support market growth over the forecast period.

Segment Analysis

The global packaging adhesives market is segmented based on technology, resin type, application, and region. Based on technology, the market is segmented into water-based, solvent-based, hot melt, and reactive & other adhesives. Among these, water-based packaging adhesives dominate the market due to their low volatile organic compound (VOC) emission and eco-friendly properties. Based on resin type, the market is segmented into acrylic, polyurethane, latex, and others. Among these, acrylic resin is expected to dominate the market during the forecast period due to its excellent bond strength and versatility of applications.


Key Takeaways


The Global Packaging Adhesives Market Demand is expected to witness high growth over the forecast period of 2023-2030.

Regional analysis: Asia Pacific is projected to grow at the fastest rate during the forecast period. Growth of the packaging industry, large population, and improving economic conditions in developing countries such as China and India are driving the demand for packaging adhesives in this region.


Key players operating in the packaging adhesives market are focusing on new product launches, mergers & acquisitions, and expansions to cater to the growing demand and gain a competitive edge in the market. For instance, in 2022, H.B. Fuller acquired Royal Adhesives & Sealants to strengthen its position in hot melt adhesives.

Explore more information on this topic, Please visit- 

https://www.marketwebjournal.com/packaging-adhesives-market-growth-and-trnds-analysis-share-size-demand-forecast/

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